The economy was just as bad in the first quarter of this year as it was in the last quarter of last year. (Which of course means that fiscal year 2009-which runs from last three months of 2008 through September of 2009-is going to be very bad.)
Wasn't Obama supposed to magically change all that? Weren't things "already getting better" because he was elected took office had 100 days under his belt uh...well...uh...Bush bad! Bush bad! :P
Obama reiterated his intent to destroy the banking industry during his 100 day speech. I hope no one is surprised when he nationalizes them or forces them into non-profit status. Apparently in the Obamanation it is morally wrong to make money when you lend money to other people. Hmmm...where have I heard that before?